Hempstead County, Arkansas Property Taxes

Name: Property Tax Bills Across Hempstead County, Arkansas
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Hempstead County effective property tax rate: 0.77%, significantly lower than the national median of 1.02%. Median Hempstead County home value: $47,525. Median annual Hempstead County tax bill: $306, $2,094 lower than the national median property tax bill of $2,400.

How are property taxes in Hempstead County calculated?

Property taxes in Hempstead County are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Hope or another part of Hempstead County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Hempstead County, Arkansas Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.77%

Estimate Property Tax Bill

$366

$340

Ownwell’s Hempstead County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Hempstead County with just two data points. By entering your property's estimated assessed value, our calculator applies Hempstead County’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Hempstead County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Hempstead County, Arkansas

Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county annually estimates its required budget to provide necessary services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. In Hempstead County, Arkansas, the effective property tax rate is a crucial factor for homeowners to consider. Compared to the national median property tax rate of 1.02%, Hempstead County's rate is notably lower. This can be an attractive aspect for property owners, as it indicates a more affordable tax burden relative to many other regions. Additionally, within Hempstead County, the city of Hope has the highest median tax rate, whereas Blevins boasts the lowest. This disparity highlights the importance of understanding local tax variations when evaluating property investments or homeownership costs.

Property Tax Rates Across Hempstead County, Arkansas

Source: Ownwell

0.77%

0.80%

0.84%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Hempstead County Tax Rate

0.77%

Median Effective Arkansas Tax Rate

0.84%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Hempstead County, Arkansas

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Blevins	0.11%	0.30%	0.77%	0.83%	0.83%
Columbus	0.18%	0.31%	0.81%	0.82%	0.82%
Emmet	0.13%	0.39%	0.77%	0.77%	0.84%
Fulton	0.18%	0.78%	0.82%	0.84%	0.94%
Hope	0.20%	0.43%	0.84%	0.96%	0.96%
Mc Caskill	N/A	N/A	N/A	N/A	N/A
Nashville	N/A	N/A	N/A	N/A	N/A
Ozan	0.12%	0.41%	0.77%	0.78%	0.82%
Prescott	0.12%	0.27%	0.77%	0.77%	0.77%
Saratoga	0.18%	0.71%	0.82%	0.82%	0.82%
Washington	0.21%	0.45%	0.82%	0.84%	0.94%

Source: Ownwell

Property Tax Assessment Values Across Hempstead County, Arkansas

When examining property taxes in Hempstead County, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Hempstead County Assessor estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Hempstead County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Hempstead County.

For example, the median tax bill in Hempstead County is $352, with tax bills ranging significantly across the county. Hope has the highest median home price at $51,500.

Property Tax Assessment Values Across Hempstead County, Arkansas

Source: Ownwell

$27,350

$39,425

$51,500

Median Hempstead County Market Value

$47,525

Median Arkansas Market Value

$113,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Hempstead County, Arkansas

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Blevins	$5,580	$16,188	$36,425	$73,325	$109,170
Columbus	$6,720	$19,450	$47,950	$76,250	$122,820
Emmet	$5,850	$13,438	$37,400	$99,075	$152,185
Fulton	$4,515	$11,162	$27,350	$60,938	$110,050
Hope	$11,600	$26,550	$51,500	$100,600	$160,110
Mc Caskill	N/A	N/A	N/A	N/A	N/A
Nashville	N/A	N/A	N/A	N/A	N/A
Ozan	$4,250	$10,800	$33,200	$78,975	$172,800
Prescott	$5,050	$14,650	$39,125	$74,162	$114,300
Saratoga	$4,350	$16,025	$47,050	$91,625	$122,400
Washington	$4,070	$13,950	$33,450	$69,100	$117,500

Source: Ownwell

Property Tax Bills Across Hempstead County, Arkansas

In Hempstead County, AR, property tax bills are calculated based on the assessed value of a home, which is typically a fraction of its market value. The tax rate, applied to the assessed value, determines the annual tax bill. For homeowners, understanding this process is crucial as it directly impacts their financial planning. The median home price in Hempstead County is $47,525, with the tax bill ranging from $122 at the 25th percentile to $1,094 at the 90th percentile, reflecting a broad spectrum of property values and tax burdens. Homeowners in Hope face the highest median tax bill of $352, while those in Fulton experience the lowest at $161. Compared to the national median property tax rate of 1.02% and a median bill of $2,400, Hempstead County's property tax bills are relatively modest, providing a financial advantage to its residents. This variance highlights the importance of location in determining property tax obligations, significantly affecting homeowners' annual expenses.

Property Tax Bills Across Hempstead County, Arkansas

Source: Ownwell

$161

$257

$352

Median Hempstead County Tax Bill

$306

Median Arkansas Tax Bill

$877

Median United States Tax Bill

$2,400

Property Tax Bills Across Hempstead County, Arkansas

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Blevins	$25	$53	$195	$367	$648
Columbus	$33	$115	$226	$516	$662
Emmet	$24	$67	$236	$522	$938
Fulton	$19	$56	$161	$385	$945
Hope	$60	$159	$352	$660	$1,135
Mc Caskill	N/A	N/A	N/A	N/A	N/A
Nashville	N/A	N/A	N/A	N/A	N/A
Ozan	$17	$53	$168	$468	$1,118
Prescott	$20	$63	$174	$378	$636
Saratoga	$25	$87	$217	$577	$953
Washington	$31	$85	$203	$435	$845

Source: Ownwell